When the Dow made it above 11,000 for the first time in 18 months, I said to Get Ready To SELL, SELL, SELL. Today, the Dow dipped below 10,000 and closed at 10,520.32 which was down 347.80 for the day. It had been struggling for a few days already. I’m telling you folks, they’re still playing the same games on Wall Street. The 52 week range is from 8,057.57 to 11,309.00. If the 8,057.57 is valid, then the Dow today should be around 8,700, at best. However, that 8,057.57 is inflated in my opinion. We’re all being set up for a huge crash, correction, call it what you want. The whole thing was built on delusional pipe dreams, fraud and lies and markets ALWAYS correct themselves one way or another. So either the numbers have to come down or the prices we pay at the real markets (grocery stores, WallyMart, etc.)
Just go to that link above and click on “max” under the Dow chart to the right. You see that steep general rise from around 1985 on? Yeah, this mess started a very long time ago! Best I can tell, the Dow should actually be somewhere around 5,500 to 6,000 today, adjusted for inflation to 6,500 to 7,000. All the rest is feather bedded CRAP created by those criminals on Wall Street who are getting their golden parachutes and bonuses still today and in perpetuity.
If your retirement is in these peoples’ hands, get a backup plan! I’m just saying… ‘cause we know the guys on Wall Street and their buddies in Washington aren’t gonna say it.
Might be time for some backyard chickens and goats. Sorry to you folks in metros like Dallas, it'll be food lines for you since you can't even have cats and dogs these days!